Quantum Mechanics and Reality

We begin by discussing ``What exists?'', i.e. ontology, in Classical Physics which provided a description of physical phenomena at the macroscopic level. The microworld however necessitates a introduction of Quantum ideas for its understanding. It is almost certain that the world is quantum mechanical at both microscopic as well as at macroscopic level. The problem of ontology of a Quantum world is a difficult one. It also depends on which interpretation is used. We first discuss some interpretations in which Quantum Mechanics does not provide a complete framework but has to be supplemented by extra ingredients e.g. (i) Copenhagen group of interpretations associated with the names of Niels Bohr, Heisenberg, von-Neumann, and (ii) de-Broglie-Bohm interpretations. We then look at some interpretations in which Quantum mechanics is supposed to provide the entire framework such as (i) Everett-deWitt many world, (ii) quantum histories interpretations. We conclude with some remarks on the rigidity of the formalism of quantum mechanics, which is sharp contrast to it's ontological fluidity